8/7 Recap

Hey everyone, sorry for sending this out early today, I just do not feel well, I have covid for the first time and I am just drained. I tried to work all morning and I just can’t, here is the link to the database, I will leave it open until friday morning, I will update the rest of today’s trades by tonight after I rest up. I tried my best but I just have no energy. I hope I’ll be better by the morning.. As for tomorrow be careful we have jobless claims, that can move the market dramatically. For now tech stocks remain in no man’s land look at the bounce below, we haven’t even touched the 8 ema, while this bounce is nice, it is immaterial for the moment. We need to see some key levels reclaimed before we can say tech is back. Tomorrow morning is a big step but right now we’re just selling off in a weak market.

Recent Trades

FTNT was the biggest winner from yesterday’s recap up 26%, those calls bought at 60 expiring next week are up huge with the stock over 70 now. Pretty telling to see a put sale right before earnings.

VFC is another from yesterday’s recap up 13% today, yesterday I highlighted these puts sold and calls bought below

The trends and days table are in the link below. I apologize again for getting so little done today, I just have no energy to write up more. I would be very cautious anyways into the jobless claims. I’d remove some risk if you are worried about the short term, we have had a nice rally so far since Monday and this isn’t an inspiring move.